Just wanted to come here and share some personal experience with CryptoRocket broker as they stopped all trading and say they have been acquired by LongHornFx. Feel compelled to share since I have gotten so much value from baby pips and this post since I started my trading journey in 2016, and since I got a email from CryptoRocket about being bought out by LongHornFx that I noticed today.
In my trading journey that started almost 10 years ago now, there’s has been lots of profits and losses. More losses than profit in the first few years. Got serious about trading and started studying and learning a lot.
Started to make profits on my regulated US broker but eventually felt held back with all the rules and regulations. Tried a few unregulated ones from this amazing post and ended up stumbling upon CryptoRocket. Signed up and started trading. Mind you this was still in my having more losses than profit phase. With time ended up depositing thousands into CryptoRocket, about $6000 in total.
Had a lot of losses that were all my fault based on my risk management back then and lack of experience and knowledge and what I consider a most important key part which is, understanding.
Fast foreword a few years to 2020. Deposited $200 into my CryptoRocket account and started to trade.
Within a literal span of less than 24 hours I turned my $200 deposit into $41,000 thousand. I was beyond words. Was finally going to have my first huge payout and recoup all the money I had deposited into CryptoRocket. Or so I thought.
I closed my trades in profit! My balance on Mt4 and in CryptoRocket client portal displayed the correct amount. Thought my life was about to change. Decided to go to sleep after being awake and glued to my screens for about 18 hours straight.
When I awoke i immediately got up to withdraw all my profits to my Bitcoin cold wallet, open Mt4 on my mobile and had a mini stroke when I see my balance displayed as $0. I start to panic, log into CryptoRocket…com and it also says $0. Check trade history and it’s all empty everywhere. Get in contact with support and long story short they claimed my account was liquidated basically because of margin called and was shown trades were opened on my account after I had closed all trades in profit. Mind you these trades where opened after I had gone to bed and the trades where not made by me. I was devastated but there was nothing I could do about it. I avoided all off shore brokers that take USA clients after that day.
I have all the receipts and evidence. I have video proof as well as I was recording my MT4 client on PC as well as screen recording my mobile MT4 app if anyone is interested in seeing my ascent into $41k profit from $200 dollars. As well as the proof that all trades where closed in profit and there were no active trades or pending orders to be triggered.
I am now a profitable trader consistently enough for the last 5 years that I was able to quit my day job and trade for a living. I am grateful for my regulated USA broker that actually pays me my profits.
But alas I have come back to baby pips not only to share this story but to yet again try to find an off shore broker! Preferably one that actually pays out…
So please if anyone has history with any one of these brokers and have consistent pay outs of $10,000+ please point me their way as I am lost on which one to try now after my experience a few years ago and hopefully have a better experience this second time around. Thank you.